regulated by Otoritas Jasa Keuangan (OJK); Merrill Lynch
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regulated by Comissao de Valores Mobiliarios; Merrill Lynch KSA Company
…es -40 -35 -30 -25 -20 “15 “10 5 +0 +5 +10 +15 +20 225 +30 +35 <= underweight // overweight => Source: Bank of America Merrill Lynch Global Fund Manager Survey, Feb 12, 2013 Net % Overweight Global Utilities u TTY OOM i. i Ti I; } Red circle = ao | ae crossing below 1o under...
BofA Merrill Lynch Global Research Source: Saudi Aramco
…ice $46.95 P/E (2017) 32.5x % of sell-side rated Buy 14.3% Short interest % of float 10.30% Source: Bloomberg and BofA Merrill Lynch Global Research estimates BankofAmerica <2” 14 Top 10 US Ideas Quarterly | 03 January 2017 Merrill Lynch HOUSE_OVERSIGHT_014635
regulated by Comisién Nacional de Valores; Merrill Lynch
regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company
BofA Merrill Lynch clients. Neither the information nor any opinion
…rice $74.15 P/E (2017) 20.1x % of sell-side rated Buy 35.3% Short interest % of float 1.75% Source: Bloomberg and BofA Merrill Lynch Global Research estimates Deregulation/Gov't Legislation: 60% of TXN’s sales are exposed to the industrial, automotive, and communications equipm...
company report Source: BofA Merrill Lynch Global Research estimates
regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company
…higher yields) offers the best risk- reward after recent moves. Regards, Amanda Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 Phone: ii \Vobilc: HOUSE_OVERSIGHT_014719
…ting to drive Additional expense backdrop and ability to return improving returns reductions more capital Source: BofA Merrill Lynch Global Research « Management focused the presentation on Marcus, Goldman’s new consumer lending effort. This venture has significant potential wi...
…ation in the rest of the prices could lead to an to reserve reversals book elevated level of provisioning Source: BofA Merrill Lynch Global Research = Mortgage growth to continue despite a downshift in activity: Management was optimistic on the outlook for both its mortgage bus...
…est. $2.34 $2.86 $10.90 $14.37 Street $2.28 $3.30 $12.60 $18.16 BofAML vs. Street Above Below Below Below Source: BofA Merrill Lynch Global Research estimates, Bloomberg, as of 4/4/2017 Our PO of $1,100 is based on our SOP that values AWS at $127bn or $259 per share and the ret...